Symrise AG (WBO:SY1) Days Payable : 54.01 (As of Jun. 2024)

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What is Symrise AG Days Payable?

Symrise AG's average Accounts Payable for the six months ended in Jun. 2024 was €464 Mil. Symrise AG's Cost of Goods Sold for the six months ended in Jun. 2024 was €1,568 Mil. Hence, Symrise AG's Days Payable for the six months ended in Jun. 2024 was 54.01.

The historical rank and industry rank for Symrise AG's Days Payable or its related term are showing as below:

WBO:SY1' s Days Payable Range Over the Past 10 Years
Min: 51.95 Med: 56.81 Max: 61.22
Current: 53.52

During the past 13 years, Symrise AG's highest Days Payable was 61.22. The lowest was 51.95. And the median was 56.81.

WBO:SY1's Days Payable is ranked worse than
56.69% of 1503 companies
in the Chemicals industry
Industry Median: 60.18 vs WBO:SY1: 53.52

Symrise AG's Days Payable declined from Jun. 2023 (56.62) to Jun. 2024 (54.01). It may suggest that Symrise AG accelerated paying its suppliers.

Symrise AG Days Payable Historical Data

The historical data trend for Symrise AG's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Symrise AG Days Payable Chart

Symrise AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.79

57.12

58.09

58.97

61.22

Symrise AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															60.14	61.70	56.62	55.38	54.01

Competitive Comparison of Symrise AG's Days Payable

For the Specialty Chemicals subindustry, Symrise AG's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Symrise AG's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Symrise AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Symrise AG's Days Payable falls into.

Symrise AG Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Symrise AG's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (529.605	+	489.324)	/	2 )	/	3037.616	*	365
=	509.4645					/	3037.616	*	365
=	61.22

Symrise AG's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (489.324	+	438.584)	/	2 )	/	1567.784	*	365 / 2
=	463.954					/	1567.784	*	365 / 2
=	54.01

Symrise AG Days Payable Related Terms

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Symrise AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Symrise AG (WBO:SY1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SYIEY:USA SYIEF:USA SY1:Mexico 1SYM:Italy SY1d:UK 0G6T:UK SY1:Germany

Address

Muhlenfeldstrasse 1, Holzminden, ST, DEU, 37603

Website

https://www.symrise.com

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world's fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.

Symrise AG Headlines

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